Farmland Investments Take Root

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By David Kesmodel And Jesse Newman Farmland is attracting growing interest from pension plans, hedge funds and even mom-and-pop investors as they seek to diversify assets and capitalize on an agriculture-industry slump that has pushed down land prices in some ...

Australia Holds Rates Amid Hopeful Signs -- Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By James Glynn SYDNEY--Australia's central bank left interest rates unchanged on Tuesday, as expected, while leaving the door open for a cut later in the year should the economy falter. The Reserve Bank of Australia, or RBA, kept the cash-rate ...

RBI Leaves Interest Rate Unchanged

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

MUMBAI?The Reserve Bank of India left its main interest rate unchanged Tuesday, as contradictory data failed to provide a clear picture of the health of Asia's third-largest economy. RBI Governor Raghuram Rajan said he is still waiting for banks to ...

Brazil's Fipe: Sao Paulo CPI up 0.85% in July Vs +0.47% in June

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Rogerio Jelmayer SAO PAULO--The consumer-price index for Sao Paulo, Brazil's largest city, picked up in July, mainly due to the increase in food and housing-related costs in the period. The CPI increased 0.85% last month versus a rise of ...

With Copper Boom Slowing, Real Estate Firms Get Creative in Chile

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Peter Grant SANTIAGO, CHILE--Faced with a slowing local economy, real estate investment firms in Chile are attempting creative ways to continue to earn a profit. Prudential Real Estate Investors, which has been active in Chile since 2007, has started ...

Swiss House Prices on The Rise Again in 2Q - UBS Index

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Neil MacLucas ZURICH--Property prices in Switzerland are on the rise again as low borrowing costs and the lack of alternative investments drive demand for housing in the country's prime residential areas, data showed Tuesday. A market-monitoring index compiled by ...

Aetna Lifts Guidance as Profit Tops Expectations

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

Aetna Inc., which has agreed to buy fellow insurer Humana Inc., reported better-than-expected earnings for its second quarter as it benefits from growth in its government business. Aetna also raised its operating earnings guidance for the year to $7.40 a ...

Archer Daniels Midland Earnings Fall on Record Ethanol Production

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Angela Chen Archer Daniels Midland Co. said its earnings fell more than expected in the second quarter, as record ethanol production limited profits. The Chicago-based company buys oilseeds, grains and other commodities from farmers to make into ingredients that ...

Shire Offers to Buy Baxalta for $30 Billion -- 3rd Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Tess Stynes Dublin-based Shire PLC said Tuesday that it has offered to acquire rare-disease treatment maker Baxalta Inc. for roughly $30.6 billion in stock, in the latest example of a foreign company using its tax-friendly status to go after ...

Puerto Rico Defaults on Most of Debt Payment--Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Aaron Kuriloff Puerto Rico missed most of a $58 million bond payment Monday, marking the first default by the U.S. commonwealth and escalating its attempt to restructure about $72 billion in debt. The payment to bondholders is the first ...

Tencent Offers to Buy eLong -- Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Josh Beckerman NEW YORK-- Tencent Holdings Ltd. wants to buy the rest of Chinese travel company eLong Inc., as the Internet conglomerate and its rivals look to benefit from China's growing legions of travelers. Tencent is offering $18 per ...

Community Health Plans Spinoff, Reports Jump in Earnings

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

Community Health Systems Inc. raised its earnings guidance for the year as its second-quarter profit more than doubled thanks to its acquisition of Health Management Associates Inc. Separately, the hospital operator also announced plans to spin off a group of ...

Australia Central Bank Holds Rates Steady

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By James Glynn SYDNEY--Australia's central bank left interest rates unchanged on Tuesday, as expected, while leaving the door open for a cut later in the year should the economy falter. The board of the Reserve Bank of Australia left the ...

China's Aluminum Producers Aren't Slowing Despite Price Plunge

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Biman Mukherji HONG KONG--Chinese aluminum producers aren't curbing their output despite the metal's slump to a six-year low, suggesting the price of one of the world's most heavily-traded metals still has far to go before finding a floor. Metals ...

U.K. Sells 5.4% Stake in RBS -- 2nd Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Max Colchester and Ian Walker LONDON--The U.K. government on Tuesday said it had sold a 5.4% stake in Royal Bank of Scotland Group PLC, raising GBP2.08 billion ($3.24 billion) and kicking off a long-awaited privatization of the lender. UK ...

Russia Consumer Prices Up 15.6% On Year in July

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Andrey Ostroukh MOSCOW--Russia's consumer prices accelerated again in July, driven by a one-off increase to utility tariffs, data from the federal statistics services showed Tuesday. Consumer prices rose 15.6% In July compared with the same month in 2014, climbing ...

China Shanghai Rubber Futures Closing Prices, Volume

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

Tuesday, August 4 2015 Natural Rubber Turnover: 825,132 lots Open High Low Settle Prev. Change Vol Open Settle Interest Aug-15 11,445 11,695 11,185 11,530 11,900 -370 106 186 Sep-15 11,630 11,790 11,395 11,570 12,125 -555 81,554 48,986 Oct-15 11,250 11,405 ...

Shire Offers to Buy Baxalta for $30 Billion -- Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Tess Stynes Shire PLC said Tuesday that it has offered to acquire Baxalta Inc. in a stock deal valued at roughly $30.6 billion, in a combination what would create a leader in treatments for rare diseases. Under the proposed ...

U.S. Grains, Soybeans Rise on Drier Weather

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Jesse Newman CHICAGO--U.S. grain and soybean futures rebounded in early trading Tuesday, buoyed by forecasts for drier-than-expected weather in the U.S. Midwest. Corn prices rose, after falling to the lowest level in more than five weeks in the previous ...